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Academy Driving School reported the following amount in its financial statements: 2013 2012 Number of common shares 11,500 11,500 Net income $ 23,000 $ 18,000
| Academy Driving School reported the following amount in its financial statements: |
| 2013 | 2012 | |||||
| Number of common shares | 11,500 | 11,500 | ||||
| Net income | $ | 23,000 | $ | 18,000 | ||
| Cash dividends paid on common stock | $ | 3,000 | $ | 3,000 | ||
| Total stockholders' equity | $ | 240,000 | $ | 220,000 | ||
| 1. | Calculate 2013 EPS and ROE |
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The Practice Of Modern Internal Auditing
Authors: Lawrence B Sawyer
2nd Edition
0894130927, 978-0894130922
